Requirement to Purchase Sample Clauses

Requirement to Purchase. In the event any of the following occur without Sublessor’s prior written consent: ( i) the assignment by Sublessee of this Sublease to a parent, subsidiary, affiliate, or successor (by merger, consolidation, transfer of assets, assumption or otherwise) of Sublessee; (ii) the assignment by Sublessee of this Sublease to an entity which purchases substantially all of the interests in or assets of an operating division, group, or department of Sublessee, or which purchases the majority of Sublessee’s business as conducted in the Leased Premises; (iii) the transfer of a majority or controlling interest in Sublessee; (iv) the assignment of this Sublease to an entity or entities created by the division of Sublessee using the Leased Premises into one or more separate corporations, partnerships, or other entities; (v) the assignment of this Sublease in connection with the public offering of the stock of Sublessee, any affiliated or successor entity of Sublessee, or any entity created in connection with the "spin-off" of an operating division, group, or department of Lessee; or (vi) the transfer of all or substantially all of the interests or assets of Sublessee; then Sublessor, upon thirty (30) days prior written notice to Sublessee, may require Sublessee to terminate this Sublease, take assignment of Sublessor’s interest in the Ground Lease and a conveyance of all of Sublessor's interest in the Building, the Phase 2 Building, and other improvements on the Property, and pay Sublessor the sum of $24,294,415.00 (“Purchase Price”), PROVIDED, HOWEVER, the Purchase Price shall increase three percent (3%) every twelve months after the Commencement Date to the date of closing (i.e., with the first such increase occurring on the first anniversary of the Commencement Date and each subsequent increase occurring on an anniversary of the Commencement Date). Notwithstanding the foregoing, Sublessee's exercise of the purchase option pursuant to Section 9.04 shall pre-empt any required purchase pursuant to this Section 9.03, and in the event of any exercise of such purchase option by Sublessee, the provisions of Section 9.04 shall be controlling over the provisions of this Section 9.03.
Sample 1
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Requirement to Purchase. If any Non-Transferring Stockholder ----------------------- gives a timely Tag-Along Election Notice, the Transferring Stockholder shall require the purchaser, as a condition precedent to consummating the purchase of Securities from the Transferring Stockholder, purchase the Securities that the Non-Transferring Stockholder is entitled to Transfer under this Section 2. Subject to Section 2.3, such purchase shall be at the same price and upon the same terms and conditions as are applicable to the sale by the Transferring Stockholder. The Transferring Stockholder shall not complete its sale to the purchaser if the purchaser fails to satisfy the condition precedent referred to in the second preceding sentence.
Sample 1
Requirement to Purchase. Santa Margxxxxx xx required to purchase all water delivered by Western Water to Pradx xxxt meets the quality standard set forth in Section 4.7 hereof.
Sample 1

Related to Requirement to Purchase

  • Agreement to Purchase The Mortgage Loan Seller agrees to sell, assign, transfer, set over and otherwise convey to the Purchaser, without recourse, representation or warranty, other than as set forth herein, and the Purchaser agrees to purchase from the Mortgage Loan Seller, subject to the terms and conditions set forth herein, the Mortgage Loans. The purchase and sale of the Mortgage Loans shall take place on September 29, 2014 or such other date as shall be mutually acceptable to the parties hereto (the “Closing Date”). As of the Cut-off Date, the Mortgage Loans will have an aggregate principal balance, after application of all payments of principal due on the Mortgage Loans on or before such date, whether or not received, of $67,614,088, subject to a variance of plus or minus 5%. The purchase price for the Mortgage Loans shall be an amount set forth on the cross receipt between the Mortgage Loan Seller and the Purchaser dated the Closing Date (which price reflects no deduction for any transaction expenses for which the Mortgage Loan Seller is responsible). The Purchaser shall pay such purchase price to the Mortgage Loan Seller on the Closing Date by wire transfer in immediately available funds or by such other method as shall be mutually acceptable to the parties hereto.

  • Agreement to Sell and to Purchase Subject to and in accordance with the terms, conditions and provisions hereof, Seller agrees to sell the Property to Buyer, and Buyer agrees to purchase the Property from Seller.

  • CONDITIONS TO PURCHASE The obligations of the Purchaser to purchase any Mortgage Loans on any Closing Date are subject to the satisfaction, as applicable, prior to or on the Initial Closing Date and on such Closing Date (or on such other date as expressly provided for herein) of the following conditions, any of which may be waived in writing by Purchaser:

  • Agreement to Purchase Purchase Price a. Upon the terms and subject to the conditions of this Agreement, on the Purchase Date (as defined below) the Company will issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, ________ (------) shares of the Company's Common Stock (the "Shares") at a purchase price of _______ ($_____) per Share, for a total purchase price of _______________ ($_______). The term "Shares" refers to the purchased Shares and all securities received in replacement of or in connection with the Shares pursuant to stock dividends or splits, all securities received in replacement of the Shares in a recapitalization, merger, reorganization, exchange or the like, and all new, substituted or additional securities or other properties to which Purchaser is entitled by reason of Purchaser's ownership of the Shares.

  • Right to Purchase The right of the Seller to purchase all of the Mortgage Loans pursuant to Section 9.01 hereof shall be conditioned upon the Pool Scheduled Principal Balance of the Mortgage Loans being less than $50,023,418.44 (10% of the Cut-Off Date Aggregate Principal Balance) at the time of any such purchase.

  • Agreement to Purchase and Sell On the terms and subject to the conditions set forth in this Agreement, each Originator, severally and for itself, agrees to sell to the Buyer, and the Buyer agrees to purchase from such Originator, from time to time on or after the Closing Date, but before the Purchase and Sale Termination Date (as defined in Section 1.4), all of such Originator’s right, title and interest in and to:

  • Agreement to Purchase and Sell Stock Subject to the terms and conditions of this Agreement, the Company agrees to sell to each of the Investors at the Closing (as defined below), and each of the Investors agrees to purchase from the Company at the Closing, the number of shares of the Company's Common Stock set forth opposite such Investor's name on the Schedule of Investors (collectively, the "Shares") at a price of $39.00 per share.

  • Agreement to Purchase and Sell Shares Subject to the terms and conditions of this Agreement, at the Closing (as herein defined), the Company shall sell and issue to the Purchaser, 48,077 shares of Common Stock (the shares of Common Stock purchased by the Purchaser, the “Purchased Shares”) for an aggregate purchase price of $25,000 and a per share purchase price of $0.52 (such amount being equal to the OTCQX closing transaction price of the Common Stock on the previous business day).

  • Options to Purchase There are no options to purchase, rights of first refusal or other similar agreements with respect to the Property which will survive Closing which give anyone the right to purchase the Property or any part thereof. There are no contracts or agreements which affect the Property, except as set forth herein.

  • Conditions to Purchases No Purchase Commitment or Purchase shall be entered into unless each of the following conditions is satisfied (or waived as provided below) as of the date (such Portfolio Investment’s “Trade Date”) on which such Purchase Commitment is entered into (and such Portfolio Investment shall not be Purchased, and the related Financing shall not be required to be made available to the Company by the applicable Financing Providers, unless each of the following conditions is satisfied or waived as of such Trade Date):

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